Protests At Snapdeal Intensify, Labour Department To Get Involved
Protests at Snapdeal’s office have intensified as management and the fired employees have been unable to reach a compromise.
Author: Bart Eshwar
Bart Eshwar is interested in startups, business and green tea. He is currently nursing an unhealthy obsession with Donald Trump.
Snapdeal’s Founders Are Being Absolutely Taken Apart By Their Ex Employees
Snapdeal’s former employees are not holding back while criticizing their former bosses.
Flipkart’s Valuation Falls From $15 Billion To $11 Billion
Flipkart’s valuation has been devalued. According to Morgan Stanley, Flipkart is now worth only $11.1 billion – a full 27% below its valuation of $15.2 billion at which it had raised money last year.
Jabong CMO Quits Less Than 5 Months After Joining Company
Jabong’s Chief Marketing Officer Saurabh Srivastava has quit less than 5 months after joining the company. Srivastava had joined Jabong in October last year, and had replaced Praveen Sinha, one of Jabong’s co-founders, who had quit to start his own venture.
Vijay Mallaya Receives Rs. 515 Crore For Walking Away From United Spirits
Vijay Mallaya has announced that he’s resigned as Chairman of United Spirits. The company, which is now controlled byBritish multinational Diageo, has agreed to drop all charges of irregularities under his watch. Mallaya will also receive Rs. 515 crore over 5 years in return for stepping aside.
Snapdeal Employees Protest After Being Put On Probation
Incredible scenes were witnessed at Snapdeal’s New Delhi office after the company put 200 of its employees on a Performance Improvement Plan.
Snapdeal On The Verge Of Letting Go Of 200 Employees
The spate of employee layoffs has finally reached e-retail companies. After Helpchat, Zomato, TinyOwl and several others had fired employees over the course of the last few months, it has emerged that Snapdeal is on the verge of laying off as many as 200 employees from its workforce.
500 Startups Launches 500 Kulfi, An India-focussed Fund
“India’s looking as sweet as Kulfi!” to 500 Startups at the moment, as it has launched 500 Kulfi, a $25 million India-focussed fund. The fund will be sector agnostic, but will focus on FinTech, EdTech, Health & Wellness, Data Analytics, Content and SaaS and SMB.
Following Zika Virus Outbreak, Tata Rebrands Zica As Tiago
The Zika virus, which has been spreading across South America and has people in the US panicking, has had an unexpected fallout in faraway India. Tata Motors was all set to launch its new hatchback, rather unfortunately named Zica, when news of the virus outbreak started grabbing headlines last month. Tata realized that it would be hard to market a car that was named after a virus killing thousands of people, and decided to rebrand Zica.